Minutes - Council - 02/24/1998 - Laserfiche WebLink

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approval is for the first 34 lots. All lots meet the 10,800 square foot minimum size. Access is off of T.H. #47 and park dedication is in cash. A corrected tree preservation plan has been presented - corrected to reduce the number of trees removed to develop the lots. Attorney Goodrich pointed out that Council has granted preliminary plat approval but the first phase is being approved and it's generally procedural to grant final plat approval. He added that these 34 lots conform to the final plat. Councilmember Haas Steffen noted that the last time Mr. Peterson was here he was here representing Good Value Homes, now he is representing Oakwood Land Development. John Peterson, Oakwood Land Development, stated we are now land developers not builders. We have stated we would be selling lots to other companies and we would be phasing out of building; thus, Good Value Homes no longer describes us. We usually sell lots to a couple of builders but in this case we are under contract to U.S. Homes. They have a tentative agreement to purchase all of the lots in Apple Ridge. It is a phased purchase and they are moving forward. He suggested that the style of housing planned is similar to those on 145th Lane. The homes are planned to be in the $120,000 to $200,000 range and U.S. Homes has assured Mr. Peterson that they will be on the higher end. The homes will be very nice - mostly two-story. Mike Nixt, 6010 Radium Circle NW, Ramsey, suggested significant changes have occurred. It appears we have a new legal entity involved. What obligations does this new entity have with regard to discussions that have occurred and how will a five-phase development be controlled? Mr. Goodrich responded that often times entities change. It does not matter who the entity is - the new entity is obligated to do the same as what has been discussed. Mr. Nixt did not feel that Council was only dealing with 34 of the lots. He stated he would feel more comfortable if it is clearly stated this is only approval of phase one and that there are restrictive covenants on Outlot A. Mr. Goodrich explained that the preliminary plat is the key document and a key approval and the developer should expect to go forward because the approval has been granted on a preliminary plat. There are only 34 lots available now for developing. This will come back to Council for each replatting. The restrictive covenants will be in the agreement and will be reviewed and addressed as each phase comes forward. Mr. Nixt inquired if all conditions of the preliminary plat will apply to phase one and are included in the two development agreements. Mr. Goodrich replied that the City has entered into two agreements. One is specifically for sewer and water to be extended and both will be contingent upon each other. We will have additional development agreements for each phase in the future. He added that the developer has advised us that he will be bringing in plats for all five phases this year. City Council/February 24, 1998 Page 8 of 18